“Consumers trust strong brands. The Hostelworld brand is characterised by a sense of adventure, community and social interaction, which appeals to our core target millennial demographic.

“We made significant investments in the brand in 2015 and are well poised to capitalise on these in 2016 and beyond.

“The new financial year has started well and in line with our expectations.

“The strength of our brand and technology together with healthy booking numbers and continued pricing improvements, underpinned by a growing marketplace, gives the board confidence in the group’s future prospects.”

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